Zephyr Minerals Ltd. (TSE:ZFR)
:ZFR
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Zephyr Minerals
(ZFR)
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Rating:54Neutral
Price Target:
C$0.07
▲(10.00% Upside)
Action:Reiterated
Date:04/23/26
The score is held back primarily by weak fundamentals (no revenue, ongoing losses, and negative free cash flow), partially offset by a low-debt balance sheet and improving loss/cash-burn trends. Technicals are supportive with an uptrend and positive momentum, but valuation is constrained by negative earnings and no dividend yield support.
Positive Factors
Low leverage / conservative balance sheet
Very low debt materially reduces bankruptcy and refinancing risk for an early-stage miner. This structural conservatism gives management time to advance projects, access capital on better terms, and preserves optionality across exploration cycles, supporting mid-term survivability.
Negative Factors
Pre-revenue business model
Zero revenue across multiple years is a fundamental limitation: there is no proven commercial cashflow to validate margins or scalability. Over the medium term this raises execution risk and dependence on capital markets or partners to sustain operations and growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / conservative balance sheet
Very low debt materially reduces bankruptcy and refinancing risk for an early-stage miner. This structural conservatism gives management time to advance projects, access capital on better terms, and preserves optionality across exploration cycles, supporting mid-term survivability.
Read all positive factors
Zephyr Minerals (ZFR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$6.06M
Dividend YieldN/A
Average Volume (3M)7.73K
Price to Earnings (P/E)―
Beta (1Y)0.45
Revenue GrowthN/A
EPS Growth-34.78%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding93,286,990
10 Day Avg. Volume1,000
30 Day Avg. Volume7,734
Financial Highlights & Ratios
PEG Ratio-0.73
Price to Book (P/B)0.69
Price to Sales (P/S)0.00
P/FCF Ratio-35.11
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Zephyr Minerals Business Overview & Revenue Model
Company Description
Zephyr Minerals Ltd., through its subsidiary, Zephyr Gold USA Ltd., engages in the exploration, evaluation, and development of mineral properties in Canada and the United States. It explores for gold, silver, zinc, and lead deposits. The company h...
How the Company Makes Money
null...
Zephyr Minerals Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
66
Positive
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -225.06K | -175.29K | -494.18K | -625.47K | -625.42K |
| Net Income | -231.53K | -175.29K | -2.08M | -770.82K | -625.42K |
Balance Sheet | |||||
| Total Assets | 5.61M | 5.34M | 5.28M | 6.91M | 7.18M |
| Cash, Cash Equivalents and Short-Term Investments | 42.44K | 95.73K | 116.80K | 402.95K | 712.86K |
| Total Debt | 25.61K | 25.61K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 253.56K | 201.65K | 163.14K | 152.12K | 131.30K |
| Stockholders Equity | 5.36M | 5.13M | 5.11M | 6.76M | 7.05M |
Cash Flow | |||||
| Free Cash Flow | -105.26K | -139.08K | -624.67K | -654.30K | -757.04K |
| Operating Cash Flow | -105.27K | -139.08K | -467.45K | -500.43K | -324.91K |
| Investing Cash Flow | -308.47K | -71.60K | -157.22K | -113.27K | -432.13K |
| Financing Cash Flow | 360.45K | 189.60K | 338.52K | 303.79K | 48.35K |
Zephyr Minerals Technical Analysis
Negative
0.06
Price Trends
0.08
Negative
0.07
Negative
0.06
Positive
Market Momentum
>-0.01
Positive
17.49
Positive
0.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ZFR, the sentiment is Negative. The current price of 0.06 is below the 20-day moving average (MA) of 0.08, below the 50-day MA of 0.08, and below the 200-day MA of 0.06, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 17.49 is Positive, neither overbought nor oversold. The STOCH value of 0.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:ZFR.
Zephyr Minerals Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | C$6.06M | -31.29 | -5.00% | ― | ― | -34.78% | |
50 Neutral | C$4.80M | -1.06 | ― | ― | ― | ― | |
47 Neutral | C$4.09M | -5.46 | ― | ― | ― | 68.77% | |
45 Neutral | C$6.56M | -13.85 | 13.24% | ― | ― | ― | |
43 Neutral | C$4.24M | -3.21 | -27.44% | ― | ― | 4.12% | |
43 Neutral | C$5.47M | -1.77 | 100.27% | ― | ― | 54.86% |
* Basic Materials Sector Average
TSE:ZFR
Zephyr Minerals
0.08
0.04
114.29%
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TSE:NXS
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TSE:TRG
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TSE:GSRI
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Zephyr Minerals Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Zephyr Advances Dawson Gold Permitting Work, Delays Trenching at Judith Placer Claim
Neutral
Mar 18, 2026
Zephyr Minerals has completed the second quarter of its five-quarter groundwater monitoring and analytical program around the Dawson Gold deposit in Colorado, keeping the company on schedule to finalize the work by year-end and subsequently resubm...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.